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Questions and answers

QUESTION:

Dear Sirs,

I’m looking for a Russian law firm who can advice me about investing in Russia.

I’m interested in investing in Russia, and I need to know the regulations regarding establishing a company and opening a factory in Russia, so hope you can help me with these matters. Looking forward to hearing from you as soon as possible.

Thank you, Regards.

Sincerely,

XXXXX

ANSWER:

Dear Mr. XXXXX,

The general regulations regarding establishing a company and opening a factory in Russia are contained in the Civil Code of Russian Federation, the law about registration of legal entities. To start a business in Russia, you have to register a company in Russia. The most effective legal form for legal entities is a limited liability company (LLC). The state body of registration for legal entities (LLC) is the tax service of Russian Federation. Opening a business in Russia, if described in general, consists of several stages:

1. Registration of the company;

2. Statement of the registered company in the special state organs (pension fund, service of statistics, and others);

3. Opening a Business Accounts in Banks;

4. Receipting of a work permit for a Executive ( a constant General Director – a foreign citizen) in Federal migration service.

5. Changing the General Director in the Tax Service.

Further steps will depend from you:

1. Will you build a factory?

2. Will you to buy a ready factory?

3. Will you rent a factory?

4. Some activities requires a license (approval).

We provide full legal and organizational support for you and your business, accounting services at all stages in Russia.

We are at your disposal to clarify any questions that are made necessary.

Actually we are interested in establishing a Limited Liability Company and opening a factory to produce cosmetics, beauty care products and perfumes in Russia.

We kindly ask you to give us some clarifications regarding these matters:

1- How long does it take to complete all the procedures and register the company? And what are the costs?

2- We heard from other investors that we may face problems since it is not easy to obtain temporary or permanent residency permits for the people who will run the business and work at the factory? Is it true?

3- As a start, we want to produce: Shampoo, Hair Conditioner, Body Lotion, Hand Cream, Deodorants and Perfumes; so what are the procedures to obtain the factory license? Do you also offer this service?

4- According to the Russian regulations, is it allowed to establish a factory in all the areas and regions? Or there are specific industrial areas?

5- For the first two years, we prefer to rent a small factory (400 – 500 square meter), and later we can decide whether to buy or to build a bigger factory; is it easily to find and to rent such a property?

6- Can we freely transfer the money to Russia and from Russia?

Looking forward to hearing from you as soon as possible.

Thank you, Regards.

---

Sincerely,

XXXXX

ANSWER:

Dear Mr. XXXXX,

Please find my answers below inred:

Dear Mr. Nemanezhin Vladimir,

Thank you for your reply and information.

Actually we are interested in establishing a Limited Liability Company and opening a factory to produce cosmetics, beauty care products and perfumes in Russia.

We kindly ask you to give us some clarifications regarding these matters:

1- How long does it take to complete all the procedures and register the company? And what are the costs?

2- We heard from other investors that we may face problems since it is not easy to obtain temporary or permanent residency permits for the people who will run the business and work at the factory? Is it true?

The reсеipting of a work permit for foreigners is difficult task, but we can do it. We have a positive experience.

3- As a start, we want to produce: Shampoo, Hair Conditioner, Body Lotion, Hand Cream, Deodorants and Perfumes; so what are the procedures to obtain the factory license? Do you also offer this service?

We provide this service.

4- According to the Russian regulations, is it allowed to establish a factory in all the areas and regions? Or there are specific industrial areas?

The company can carry out their activities on all territory of Russia. You can establish a factory in all the areas and regions, but there are limitations (health standards, distance from living quarters and other). There are special industrial zones also in each of the regions of Russia.

5- For the first two years, we prefer to rent a small factory (400 – 500 square meter), and later we can decide whether to buy or to build a bigger factory; is it easily to find and to rent such a property?

1- As a factory, do we have to obtain the both licenses “the license for the production and the license for the purchase”, or is it enough to obtain “the license for the production”?

2- Regarding your offer, can you please clarify these points:

- A temporary General Director

- The legal address for a company

Looking forward to hearing from you as soon as possible.

Thank you, Regards.

---

Sincerely,

ХХХХХ

ANSWER:

Dear Mr. ХХХХХ,

Please find my answers below inred:

Dear Mr. Nemanezhin Vladimir,

Thank you for your kind cooperation.

We have the following questions:

1- As a factory, do we have to obtain the both licenses “the license for the production and the license for the purchase”, or is it enough to obtain “the license for the production”?

I believe that you can do a single license (the license for the purchase).

2- Regarding your offer, can you please clarify these points:

- A temporary General Director

We register the company with the Russian director, then we get a work permit for a foreign citizen (the new permanent director) and change the director.

- The legal address for a company

We need to incorporate a company provide in Tax Service a information about the location (business address) of the company. A business address of the company is building (owned or leased), where interested parties can contact with the company. Normal office rent is from 500 euro per month, but you may have specify legal address (business adress) (location where mail can be received from interested parties), formally registered office is a room, but in fact it is a PO Box (in order to save money). If possible option for you without saving, we can rent office and use it as a business address.